Two23 Ltd

Two23 Ltd from Glasgow UK: a small, active company founded three years ago, employs two people, and holds £118,905 in assets. It operates from a virtual address, has two directors, and is led by a solo founder. The company regularly imports furniture, lighting, and prefabricated buildings—a consistent flow of 20 months of imports, with the latest in February 2025. It’s registered as SC717422 and works within the "other business support service activities n.e.c." industries.

The company's primary focus appears to be supporting the LGBTQ Christian community. Its website showcases a welcoming space for believers to discover what it means to be God’s people and worship as their true selves. It hosts regular meetings, both in person and online, and runs a supportive online community called the Gathering Space. Upcoming events include a day conference, Fruitful 2025, featuring speakers and seminars on topics like church inclusion and worship. The website also provides resources like a podcast and links to charities supporting LGBTQ young adults.

Financially, Two23 Ltd presents a mixed picture. While cash bank holdings have skyrocketed by an impressive 1,600% to £52,000, other key metrics tell a different story. Creditors have increased significantly, jumping 580% to £120,000, and trade debtors have ballooned by 14,000% to £67,000. Equity, however, has plummeted, with retained earnings and accumulated losses decreasing by 100% to just £680. Borrowings have also increased by 160% to £44,000. The company’s small size—meeting two of three criteria for a small company—helps it remain flexible, but the sharp decline in equity warrants closer attention. The company is exempt from an audit, so the figures are unaudited.

It’s clear that Two23 Ltd is experiencing a period of growth, evidenced by the substantial increase in cash reserves. However, the rising debt levels and declining equity suggest that the company is burning through money—a common trend for startups. The company’s focus on community support and its niche market may provide a buffer against financial pressures, but careful management will be crucial to ensure long-term sustainability.

Registered in Scotland under the registration number SC717422, with a registered address at G65 0NH, United Kingdom, Glasgow, Lanarkshire, 22 Backbrae Street Kilsyth.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.